Bahamas Economy

The Bahamas economy with a population of 319 Thousand (2013 Est) ranks 143rd in the world. It has a GDP PPP of 11 billion(IMF 2012) and GDP PPP per capita of 31,324 vs 51,704 (United States) according to the IMF in 2012. Its currency is the Bahamian dollar (BSD) although the US Dollar is widely accepted in the country. Retail banking within the country offer savings accounts, chequing accounts and term deposits. According to CIA.gov data the inflation rate in the Bahamas was 2% (2012 est.) and 1.8% (2013 est.).